My girlfriend and bought a home together, about 3 years ago, and now an investment opportunity came up. I own my car, without any loan or lien. I don’t want to refinance my home, but to sell my car to my girlfriend. We lived at the same address for 3 years, and she was approved on her own loan to buy my car, and then would give me the money for the investment opportunity. What I want to know, is there anything the bank can do to stop the loan going through if she buying the car from me?
2007-04-11 07:38:51 · 7 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
Yeah you could do what all ballers do, Give their ladies a car.
2007-04-11 07:47:51 · answer #1 · answered by Jared S 2 · 0⤊ 1⤋
If she has been approved for the loan it is unlikely that something would come up now before the loan is funded. There is a very small possibility they could discover some heretofore unknown that would prevent them from funding the loan but it is doubtful.
2007-04-11 07:45:32 · answer #2 · answered by PRS 6 · 0⤊ 0⤋
Nope.....Unless she has bad credit which you already stated that she was approved.
Loan officers will usually work with you to get the right loan for whatever it is you need one for.
I hope your giving your girlfriend a Good Deal!!! ( LOL )...............
Good Luck in both of your endeavors!
2007-04-11 07:48:25 · answer #3 · answered by Giddyup 4 · 0⤊ 0⤋
Don't do it! The car and the money will come between you, mark my words. Sooner or later she will resent you making her use her money to buy it from you when she is your girlfriend and lives with you. Don't do it, unless you want to lose her.
2007-04-11 07:48:10 · answer #4 · answered by ? 7 · 0⤊ 0⤋
To get the money, why dont you just refinance the car?
2007-04-11 08:00:26 · answer #5 · answered by mac150 5 · 0⤊ 0⤋
why dont you just give the car to your girlfriend? it is just weird that you made your girlfriend take out a loan to buy your car and now she will have to pay interest..
2007-04-11 07:44:39 · answer #6 · answered by sara 2 · 0⤊ 1⤋
no
2007-04-11 07:41:54 · answer #7 · answered by Anonymous · 0⤊ 0⤋